Three Most Important Indicators in Forex Trading?

[moonchild]

When it comes to trading, there are a lot of indicators you can use to guage the market, while some are helpful most of them are full of bluff and they will mostly lead you on and blow your account afterwards, so keep that in your mind.

1: Price: The leading indicator is price and it shows you the high, open, low and close.

2: Volume: Volume basically shows you the amount of money or value that traders and institutions place on a particular currency/stocks etc.

3: Open Interest: This shows how relevant it is in the market, the higher the interest rate the more investors are likely to put their money and vice versa.

 

[Jack Reacher]

As indicators or strategies, I mostly follow RSI, moving average, bollinger bands and trendlines mostly. You can start with a low capital but develop a good strategy first. Strategy is made by compiling indicators. FXOpulence allows traders with low trading spread, high leverage and other services in moderation. They offer more than 400 technical tools.